Viking Therapeutics Inc (NASDAQ:VKTX) shares traded 3.25% higher at $62.81 on Wall Street last session.
VKTX stock price is now 9.83% away from the 50-day moving average and 23.39% away from the 200-day moving average. The market capitalization of the company currently stands at $6.96B.
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With the price target of $80, JP Morgan recently initiated with Overweight rating for Viking Therapeutics Inc (NASDAQ: VKTX). On June 27, 2024, Morgan Stanley recently initiated its ‘Overweight’ rating on the stock quoting a target price of $105, while ‘Raymond James’ rates the stock as ‘Strong Buy’
In other news, Lian Brian, President & CEO sold 1,000 shares of the company’s stock on Aug 21 ’24. The stock was sold for $69,900 at an average price of $69.90. Upon completion of the transaction, the President & CEO now directly owns 2,354,927 shares in the company, valued at $147.91 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 21 ’24, Director SINGLETON J MATTHEW sold 5,700 shares of the business’s stock. A total of $397,430 was realized by selling the stock at an average price of $69.72. This leaves the insider owning 9,500 shares of the company worth $0.6 million. A total of 6.48% of the company’s stock is owned by insiders.
During the past 12 months, Viking Therapeutics Inc has had a low of $8.28 and a high of $99.41. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 37.69, and a quick ratio of 37.69. The fifty day moving average price for VKTX is $57.4156 and a two-hundred day moving average price translates $51.1573 for the stock.
The latest earnings results from Viking Therapeutics Inc (NASDAQ: VKTX) was released for 2024-06-30.
